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Rise and dip again with 8150 support | 8240 8280 resistance | 5383 SPX resistance

#1 · 16th April 2025, 10:05 am

Technical analysis for FTSE 100 for 16th April 2025

We certainly got the rise and dip yesterday play out well, especially on the S&P500, which dropped off the 5445 resistance very well indeed, and has continued overnight following a bearish Asian session. I am thinking that we may well see a similar pattern today though with a rise and dip as the 2h chart just about remains bullish to start with on the FTSE100.

U.K. inflation cooled by more than expected in March, providing some room for the Bank of England to cut interest rates once more next month. Annual consumer price inflation rose 2.6% in March, below the 2.8% seen the prior month, but still above the U.K. central bank’s 2.0% medium-term target. The monthly rate rose 0.3%, below the 0.4% seen in February.

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